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Group of Eight universities chair Alan Robson said the country could not compete at the elite international level unless campuses were funded on a similar scale to Harvard - which benefits from a private endowment fund of more than $34.9 billion.

The University of Western Australia vice-chancellor also urged universities to diversify and called on the Rudd Government to set up a $20 million fund to reward 'high impact' research."

Hilton to donate bulk of fortune to foundation - USATODAY.com: "Barron Hilton, son of the international hotel chain's founder, said Wednesday that he will donate nearly all of his fortune to his family's philanthropic foundation that supports housing for the homeless, safe water in developing countries and other causes worldwide."

Hawaii nonprofit funding unusual - The Honolulu Advertiser: "Hawai'i's controversial system for approving grants to nonprofits appears to be unique and far less open than what typically happens in other states, according to national nonprofit executives, fundraising professionals and budget experts.

National data on how states handle nonprofit funding is hard to come by, but the experts said they weren't aware of a system similar to Hawai'i's."